Ashraf AboArafe
The Saudi General Authority for Statistics issued today the GDP bulletin and national accounts indicators for the third quarter of 2024, where real GDP achieved a growth of 2.8% during the third quarter of 2024 compared to the same period of the previous year, supported by a growth in non-oil activities by 4.3% compared to the same period of the previous year.
Oil activities achieved a slight growth of 0.05% during the third quarter of 2024 compared to the same period of the previous year, and government activities achieved a positive growth of 3.1% compared to the same period of the previous year.
The results of the bulletin showed an increase in seasonally adjusted real GDP during the third quarter of 2024 by 0.9% compared to the second quarter of 2024.
